National Bank of Canada FI Increases Stock Position in Nouveau Monde Graphite Inc. (NYSE:NMG)

National Bank of Canada FI increased its position in Nouveau Monde Graphite Inc. (NYSE:NMG) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,610 shares of the company’s stock after buying an additional 7,871 shares during the quarter. National Bank of Canada FI owned about 0.11% of Nouveau Monde Graphite worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

Nouveau Monde Graphite Trading Down 2.3 %

NYSE NMG opened at $1.29 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.74 and a current ratio of 1.74. Nouveau Monde Graphite Inc. has a one year low of $1.22 and a one year high of $3.07. The company’s 50 day moving average price is $1.40 and its 200 day moving average price is $1.58. The firm has a market capitalization of $145.23 million, a price-to-earnings ratio of -2.02 and a beta of 0.79.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright dropped their price target on Nouveau Monde Graphite from $3.25 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th.

Nouveau Monde Graphite Company Profile

Nouveau Monde Graphite Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Quebec, Canada. It primarily explores for graphite. The company’s flagship property is the 100% owned Matawinie graphite property including 176 mining claims covering an area of 9,264 hectares located in Quebec.